European economy slows as Russian invasion drives up costs

Europe’s economic recovery slowed in the first weeks of March after Russia’s invasion of Ukraine disrupted supply chains, weakened confidence and sent commodity prices soaring and energy, business surveys have shown.

The lifting of pandemic restrictions on the services sector in Europe is softening the blow for now, but as this positive effect fades, economists expect the war to weigh more heavily on growth, as the rise energy costs drive up consumer prices.


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